{"id":3151,"date":"2017-04-24T15:30:23","date_gmt":"2017-04-24T22:30:23","guid":{"rendered":"https:\/\/onewestmagazine.com\/magazine\/?p=3151"},"modified":"2017-04-24T15:30:23","modified_gmt":"2017-04-24T22:30:23","slug":"celebrity-marijuana-investors-may-may-not-suprise","status":"publish","type":"post","link":"https:\/\/onewestmagazine.com\/magazine\/celebrity-marijuana-investors-may-may-not-suprise\/","title":{"rendered":"Celebrity Marijuana Investors That May Or May Not Suprise You"},"content":{"rendered":"<p>Investors in cannabis understand the\u00a0danger for the dollar.\u00a0 Though 29 states and Washington D.C. have legalized cannabis, the plant\u2019s <a href=\"https:\/\/www.wikileaf.com\/blog\/future-legalized-cannabis\/\" target=\"_blank\" rel=\"noopener noreferrer\">future<\/a> is ambiguous.\u00a0 Cannabis is federally illegal, which means that at any time and regardless of state law, the feds could legitimately shut the entire operation down.<\/p>\n<p>While risky, the burgeoning cannabis industry has been abundantly profitable.\u00a0 Here\u2019s the <a href=\"https:\/\/www.wikileaf.com\/blog\/2016-cannabis-revenue\/\" target=\"_blank\" rel=\"noopener noreferrer\">2016 revenue breakdown<\/a> to prove it:<\/p>\n<ul>\n<li>In 2016, the legal cannabis industry was responsible for producing $6.9 billion. That number is predicted to increase to $21.6 billion by 2021.<\/li>\n<li>Based on 2016 results, the state of Washington is predicted to make about $270 million annually.<\/li>\n<li>Oregon expects to generate $60 million in tax revenue each year.<\/li>\n<\/ul>\n<ul>\n<li>Alaska is predicted to make $19.2 million in pot taxes a year.<\/li>\n<li>If cannabis is <a href=\"https:\/\/www.wikileaf.com\/blog\/cbd-schedule-i-drug\/\" target=\"_blank\" rel=\"noopener noreferrer\">rescheduled<\/a> and legalized by the federal government, the industry could generate $28 billion in tax revenue each year.<\/li>\n<\/ul>\n<p>The federal law\u2019s position on marijuana is grounded in bigoted societal views, and ignorance and prejudice are tough adversaries to face. The people who choose to use their money and reputations to invest in cannabis are among those who are bringing legitimacy to the movement.<\/p>\n<p>Read on for a list of 10 investors taking on the challenge and pioneering the future of the cannabis industry.<\/p>\n<h2><strong>Dick Wolf\u2014Creator of Law and Order<\/strong><\/h2>\n<p>In the criminal justice system, marijuana remains federally illegal although several states have legalized its medical and\/or recreational use.\u00a0 A special team of rich people has decided to invest in this emerging market.\u00a0 These are their stories.<\/p>\n<p>In April 2014, Dick Wolf, the legendary crime show producer of the Law and Order franchise, <a href=\"http:\/\/nypost.com\/2014\/11\/09\/tv-magnate-plunks-down-1-5m-in-dicey-deal\/\" target=\"_blank\" rel=\"noopener noreferrer\">invested<\/a> $1.5 million in <a href=\"http:\/\/digipath.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">DigiPath<\/a>, an independent marijuana-testing lab.<\/p>\n<h2><strong>Nick Lachey\u201498 Degrees Singer, Actor<\/strong><\/h2>\n<p>Had the<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-3538\" src=\"https:\/\/i2.wp.com\/blog-onewebservicesin.netdna-ssl.com\/blog\/wp-content\/uploads\/2017\/03\/shutterstock_327201881.jpg?resize=150%2C230&amp;ssl=1\" alt=\"Nick Lachey cannabis investor, investors in cannabis \" width=\"150\" height=\"230\" \/> November 2015 <a href=\"http:\/\/mashable.com\/2015\/11\/03\/ohio-pot-vote\/#yEDWA7T2KsqA\" target=\"_blank\" rel=\"noopener noreferrer\">ballot initiative Issue 3<\/a> been passed in Ohio, Nick Lachey, co-owner of a 29-acre farm, would have ruled Ohio\u2019s marijuana industry with a handful of other elite investors controlling the ten ballot-sanctioned growth farms.\u00a0 The ballot failed, but Lachey remains hopeful, tweeting, \u201cChange takes time\u201d in response to the loss.<\/p>\n<h2><\/h2>\n<h2><strong>Frostee Rucker \u2013NFL Player<\/strong><\/h2>\n<p>Disrupting the offense\u2019s quarterback isn\u2019t the only thing Frostee Rucker, defensive end for the Arizona Cardinals, is committed to doing.\u00a0 Rucker\u2019s support of Ohio\u2019s Issue 3, the November 2015 ballot initiative attempting to legalize medical and recreational marijuana, certainly disrupted the stigma associated with cannabis consumption.\u00a0 In fact, Rucker was able to <a href=\"http:\/\/www.wlwt.com\/article\/responsibleohio-investor-talks-marijuana-politics\/3558146\" target=\"_blank\" rel=\"noopener noreferrer\">convince Bill Foster<\/a>, owner of the multimillion-dollar logistics company <a href=\"http:\/\/www.a1lumpers.com\/about-us\/history\/\" target=\"_blank\" rel=\"noopener noreferrer\">A1QLS<\/a> to help fund the campaign by exposing him to cannabis\u2019 powerful therapeutic benefits.<\/p>\n<h2><strong>Roseanne Barr\u2014Comedian\/Actress<\/strong><\/h2>\n<p class=\"alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-3537\" src=\"https:\/\/i0.wp.com\/blog-onewebservicesin.netdna-ssl.com\/blog\/wp-content\/uploads\/2017\/03\/shutterstock_186346757.jpg?resize=176%2C258&amp;ssl=1\" alt=\"Roseanne Barr cannabis investor \" width=\"176\" height=\"258\" \/>In February 2016, Roseanna Barr, pot advocate, comedian, and a <a href=\"http:\/\/hightimes.com\/culture\/music\/roseanne-for-president-to-premiere-at-tribeca-film-festival\/\" target=\"_blank\" rel=\"noopener noreferrer\">former presidential candidate<\/a> planned to open a dispensary in Santa Ana, CA called <a href=\"http:\/\/hightimes.com\/culture\/music\/roseanne-barr-opening-a-pot-dispensary-in-santa-ana\/\" target=\"_blank\" rel=\"noopener noreferrer\">Roseanne\u2019s Joint<\/a>.\u00a0 Barr is a medical marijuana user herself, harnessing cannabis\u2019 therapeutic qualities to treat her glaucoma and macular degeneration.\u00a0 For mysterious <a href=\"http:\/\/thepotdot.com\/news\/post\/whatever-happened-to-roseanne-barrs-medical-marijuana-dispensary\" target=\"_blank\" rel=\"noopener noreferrer\">reasons<\/a>, the dispensary never opened. Barr\u2019s only comment was that \u201cit didn\u2019t work out for [her] and the investor.\u201d<\/p>\n<h2><strong>Cliff Robinson\u2014Former NBA Player<\/strong><\/h2>\n<p>This former Portland Trail Blazers star didn\u2019t stop with basketball.\u00a0 Robinson is blazing trails in the cannabis industry as well.\u00a0 He recently <a href=\"http:\/\/www.espn.com\/mens-college-basketball\/story\/_\/id\/14621057\/cliff-robinson-open-marijuana-business-called-uncle-spliffy\" target=\"_blank\" rel=\"noopener noreferrer\">opened<\/a> a grow operation in Portland Oregon.\u00a0 Robinson is <a href=\"http:\/\/www.bizjournals.com\/portland\/blog\/2016\/01\/former-nba-all-star-oregon-weed-farmer-cliff.html\" target=\"_blank\" rel=\"noopener noreferrer\">motivated<\/a> to; \u201cdistill the stigma around cannabis, the misperception that athletes and cannabis are incompatible.\u201d\u00a0 Robinson has also said, \u201cCannabis is definitely a more positive alternative to pharmaceuticals at the end of the day.\u00a0 Those are synthetics.\u00a0 I\u2019m talking about something that\u2019s natural that can bring the outcomes you\u2019re looking for, be it for muscle tension or relaxation or preparedness.\u00a0 There are a whole lot of different things that are beneficial.\u201d.<\/p>\n<h2><strong>Founders Fund<\/strong><\/h2>\n<p><strong>\u00a0<\/strong>In early 2015, the investment company <a href=\"http:\/\/foundersfund.com\/portfolio\/\" target=\"_blank\" rel=\"noopener noreferrer\">Founders Fund<\/a> invested millions of dollars in the Seattle based private equity firm, Privateer Holdings.\u00a0 Founders Fund is known for taking on projects in the fields of science, technology, and engineering.\u00a0 The venture capital fund has invested in companies like Facebook, Spotify, and Airbnb.\u00a0 Privateer Holdings, Founders Fund\u2019s entrance into the marijuana industry, exclusively invests in legal cannabis, and the contribution backed in part by PayPal\u2019s co-founder, <a href=\"http:\/\/www.usatoday.com\/story\/tech\/2015\/01\/08\/peter-thiel-invests-marijuana-private-quity\/21465589\/\" target=\"_blank\" rel=\"noopener noreferrer\">Peter Thiel<\/a>, will help the private equity firm continue to build mainstream cannabis companies and legitimize the market.<\/p>\n<h2><strong>Whoopi Goldberg\u2014Actress, Talk Show Host<\/strong><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-3539\" src=\"https:\/\/i0.wp.com\/blog-onewebservicesin.netdna-ssl.com\/blog\/wp-content\/uploads\/2017\/03\/shutterstock_249989107.jpg?resize=148%2C239&amp;ssl=1\" alt=\"Whoopi Goldberg cannabis investor, investors \" width=\"148\" height=\"239\" \/>Whoopi Goldberg has plunged into California\u2019s medical marijuana industry by investing her money and name into the medical cannabis line known as <a href=\"http:\/\/whoopiandmaya.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Whoopi &amp; Maya Synergy<\/a>. The line focuses on women\u2019s health.\u00a0 Specifically, Whoopi and Maya have created cannabis products meant to relieve menstrual discomfort.<\/p>\n<h2>Read More via <a href=\"https:\/\/thejointblog.com\/10-surprising-celebrity-marijuana-investors\/\">TheJointBlog<\/a><\/h2>\n<span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Investors in cannabis understand the\u00a0danger for the dollar.\u00a0 Though 29 states and Washington D.C. have legalized cannabis, the plant\u2019s future is ambiguous.\u00a0 Cannabis is federally illegal, which means that at any time and regardless of <a class=\"mh-excerpt-more\" href=\"https:\/\/onewestmagazine.com\/magazine\/celebrity-marijuana-investors-may-may-not-suprise\/\" title=\"Celebrity Marijuana Investors That May Or May Not Suprise You\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":30,"featured_media":3153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[588,1406,564,622,577],"class_list":["post-3151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","category-lifestyle","tag-california","tag-celeb-pot-inverstors","tag-one-west-magazine","tag-west-coast","tag-west-coast-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - 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